McCormick Place | 325 W Gurley St
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McCormick Place 325 W Gurley St
33,500 SF 100% Leased Office Building Prescott, AZ 86301 £4,268,985 (£127/SF) 6.50% Net Initial Yield
Executive Summary
Fully Leased Class A property in Downtown Prescott. Superior construction quality with 8'' concrete tilt up exterior walls and high end windows. The building has two floors of professional Tenants and two elevators separating commercial and residential uses. Convenient street level parking plus an additional .36 acres on North McCormick for overflow parking. The Building is in excellent condition with new roof overlay in 2020, repaint of parking garage and railing and updated HVAC system in 2020. HVAC can be managed and monitored online for convenient operation and troubleshooting. The upper level consists of 4 townhomes that are individually owned but share in the common area expenses. Consistent cash flow with a great Tenant mix and easy management structure.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
33,500 SF
Building Class
A
Year Built
2005
Price
£4,268,985
Price Per SF
£127
Net Initial Yield
6.50%
NOI
£277,484
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
7,652 SF
Building FAR
3.34
Lot Size
0.23 AC
Zoning
BG - Business General
Parking
5 Spaces (0.22 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Bicycle Storage
- Central Heating
- High Ceilings
- Air Conditioning
- Balcony
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £12,864,779 | |
| Land Assessment | £140,585 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £12,724,194 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£140,585
Improvements Assessment
£12,724,194
Total Assessment
£12,864,779
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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McCormick Place | 325 W Gurley St
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